Seam Seal International Ltd

Seam Seal International Ltd, based in Ilkeston, UK, is a small, active company founded ten years ago in 2014. Employing just one person, it holds £69,403 in assets and operates from a virtual address shared by forty-seven other companies. The business is run by two directors and a single owner, Wealthall Mark, and focuses on importing textile products, sets, used clothing, and rags – though import activity has been irregular, with the last recorded operation occurring over two years ago in June 2022. The company’s website highlights its expertise in specialist fibres, quality assurance, and a wide range of processing capabilities, from loose fibres to blending slivers. It operates within the "other professional, scientific and technical activities n.e.c." industries.

The company's website paints a picture of a business with over fifty years of experience, boasting state-of-the-art laboratory testing and a commitment to providing tailored solutions. It serves customers worldwide, offering everything from carded Mohair to Mulberry Silk. The site also emphasizes its all-round service, technical support, and industry insights, positioning itself as more than just a supplier of fibres. The business seems to have a good reputation.

Financially, Seam Seal International Ltd shows some concerning trends. Cash reserves have plummeted 79%, dropping to just £2,600, while bank borrowings have decreased slightly. Creditors have increased by 18%, and debtors have risen by 22%. Although the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the significant drop in cash and increase in debt suggest potential financial strain. The company’s equity, however, has increased by 4.6%. With no auditor mentioned, the financial statements are unaudited. It’s possible that the business is experiencing typical startup challenges, or perhaps it’s burning through money faster than it’s bringing it in.

Registered in England/Wales under the registration number 09287450, with a registered address at DE7 5GT, England, Ilkeston, Derbyshire, 16 Queen Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.